Analysts see 55% upside for Wise Group despite recent stock declines, citing strong business fundamentals and growth trends.
Berenberg Bank analyst Alex Short lowered Wise Group PLC’s (NASDAQ:WSE) price target from $17.8 to $16.9 while reiterating a Buy rating. The revised target suggests 55% upside from current levels, reflecting confidence in long-term potential despite near-term volatility.
Wise Group’s stock has struggled recently, trading near 52-week lows. However, Jefferies analyst Hannes Leitner maintained a Buy rating with a $17.39 target, citing strong customer growth and usage trends. Leitner noted the company’s performance remained healthy, with Wise Platforms driving long-term expansion.
The company provides cross-border and domestic payment services, including international transfers and debit cards. Analysts emphasized resilience in its core business despite short-term market concerns.